BULK MOLDING COMPOUND (BMC) MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global bulk molding compound (BMC) market has been growing steadily over the past few years. BMC is a mixture of several components including fillers such as calcium carbonate, glass fibers, resins like polyester and curing agents like benzoyl peroxide. This mixture is then fed into a compounder machine where all components are blended homogeneously before being molded. BMC offers advantages of being lighter in weight and lower in cost compared to metals like aluminum while also providing better strength and rigidity than typical thermoplastics. Ongoing growth of end use industries like automotive, aerospace, and industrial along with rising demands for lightweight materials are expected to drive higher consumption of BMC in coming years.

Market Dynamics:

The global bulk molding compound (BMC) market is driven by few key factors. Growing demand from the automotive industry remains a key driver where BMC is increasingly being used to manufacture lightweight components for vehicles to improve fuel efficiency. Rising environmental regulations mandating lower vehicle emissions are also propelling OEMs to adopt composites like BMC. The growing aerospace industry presents another lucrative opportunity for BMC manufacturers given BMC's strength-to-weight ratio is well suited for aircraft parts. However, competition from continuous fiber reinforced thermoplastics that provide improved mechanical properties acts as a key restraint. Additionally, fluctuating raw material prices especially of resins pose challenges. Ongoing R&D towards development of advanced BMC grades with superior performance characteristics would create new growth opportunities in the long run.

Key Features of the Study:

• This report provides in-depth analysis of the global bulk molding compound (BMC) market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• Key companies covered as a part of this study include IDI Composites International, Toray Advanced Composites, SDK (Showa Denko K.K.), Polynt, Mar-Bal, Inc., Huayuan Group, Yueqing SMC&BMC, Polmix, Changzhou Fonda, Kyocera, Jiangshi Composite, Jinchuangyi Electric, Astar, Cuyahoga Plastics, CME (Composite Materials Engineering), Shimada, Wah Hong Industrial Corp., Retterbush Fiberglass Corporation, Beijing Red Sun Composite Material, and Utek Composite
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global bulk molding compound (BMC) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bulk molding compound (BMC) market

Detailed Segmentation-

•  Resin Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Polyester
  • Vinyl Ester
  • Epoxy
•  Fiber Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Glass Fiber
  • Carbon Fiber
  • Others
•  Application Insights (Revenue, USD Bn, 2019 - 2031)
• • Electrical & Electronics
  • Automotive & Transportation
  • Building & Construction
  • Others
• Regional Insights (Revenue, USD Bn 2019 - 2031)
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • IDI Composites International
  • Toray Advanced Composites
  • SDK (Showa Denko K.K.)
  • Polynt
  • Mar-Bal, Inc.
  • Huayuan Group
  • Yueqing SMC&BMC
  • Polmix
  • Changzhou Fonda
  • Kyocera
  • Jiangshi Composite
  • Jinchuangyi Electric
  • Astar
  • Cuyahoga Plastics
  • CME (Composite Materials Engineering)
  • Shimada
  • Wah Hong Industrial Corp.
  • Retterbush Fiberglass Corporation
  • Beijing Red Sun Composite Material
  • Utek Composite